Netflix (bStocks Tokenized Stock) vs SpaceX (bStocks Tokenized Stock)

SpaceX (bStocks Tokenized Stock) (SPCXB) is 146.4× the size of Netflix (bStocks Tokenized Stock) (NFLXB) by market capitalisation. Over the past 90 days, SPCXB is ahead by 43.4 percentage points (NFLXB -15.2% against SPCXB +28.2%). Their daily returns move barely in opposite directions (correlation -0.16 across 91 shared trading days). SPCXB has been the more volatile of the two, at 71% annualised against NFLXB's 34%.

Correlation: -0.16
Size ratio: 1 : 146.4
Ahead over 90 days: SPCXB

Netflix (bStocks Tokenized Stock)NFLXB

$66.4000

24h: +0.02%
Market cap: $1.35M
Volume 24h: $363,908
Volatility (ann.): 34%

SpaceX (bStocks Tokenized Stock)SPCXB

$134.0400

24h: -5.02%
Market cap: $198.24M
Volume 24h: $69.93M
Volatility (ann.): 71%

NFLXB 0.7%Share of the two combined market caps99.3% SPCXB

Performance

NFLXBSPCXB

7 days+0.73%-5.60%NFLXB
30 days-6.65%-11.42%NFLXB
90 days-15.18%+28.18%SPCXB

Correlation

-0.16over 91 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.5190d: -0.161y: insufficient data

Measured on daily returns rather than on prices. Two assets that both simply trend upward score near 1.0 on raw prices whether or not they move together, so returns are what answer the question people mean by correlation.

Risk & extremes

Metric	NFLXB	SPCXB
Max drawdown (400d)	-24.9%	-47.5%
Risk-adjusted return (90d)	-0.44	0.45

Relative strength over 90 days: SPCXB outperformed NFLXB by 33.8% — measured on the NFLXB/SPCXB ratio, so it holds regardless of market direction.

Netflix (bStocks Tokenized Stock) →SpaceX (bStocks Tokenized Stock) →